MedPlus pauses ₹100 crore concierge healthcare pilot, keeps 800-store FY27 plan
Hyderabad-based MedPlus has put its proposed concierge healthcare and wellness project on hold after investor feedback, pending board discussion. The pharmacy retailer is continuing network expansion, targeting 800 new stores in FY27 after reaching 5,476 outlets by June 30.
MedPlus paused its proposed concierge healthcare and wellness pilot after investor feedback, pending board review. The Hyderabad-based pharmacy retailer continues aggressive expansion, with 5,476 stores as of June 30, 2026, and plans to add 800 outlets in FY27.
Why this matters
The pause follows MedPlus's recent incentive cuts after aggressive private-label medicine selling and Q1 profit declines of about 21%-22% despite 22% revenue growth, alongside expansion to 5,476 stores.
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